Toronto, Sears Canada Inc. is cutting 1,200 jobs as part of its promise to improve the productivity of its operations. According to company spokesman Vincent Power, the layoffs, which span the entire country, were the result of a business-by-business review the retailer announced in September. Power said that with the recent sale of Sears’ credit division, the priority is firmly on merchandising.
“We want to have a cost structure that’s competitive with other retailers in the Canadian marketplace,” Power said.
About one-third of the reductions are managerial and support staff from the chain’s 122 full-line stores and 50 Sears Home stores. The balance of the cuts will co